Lending & Credit

Property malaise weighs on China and Korean banks

Most of APAC banks have a stable outlook for 2024, says S&P.
19 hours ago

Property malaise weighs on China and Korean banks

Most of APAC banks have a stable outlook for 2024, says S&P.
19 hours ago

Superapps to help drive BNPL userbase to 670 million by 2028

Superapps like WeChat and Grab are adopting and offering BNPL services to users.
1 day ago

Revised rules bolster car loans but with influx of lower quality borrowers

The asset quality of auto finance companies will be tested.
2 days ago

Weak home sales risk worsening Chinese banks' bad loans

Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
2 days ago

Thailand’s SCB, SCG offers green loans for net zero buildings

The loan will help entrepreneurs transition their buildings to net zero structures.
2 days ago

Citi revenue up 49% to $1.7b in 2023 as corporate lending grew

Both equity and debt underwriting fees rose.
3 days ago

ZA Bank unveils business loan for Global Payments merchants

The virtual bank examines credit health based on business activities, amongst others.
3 days ago

Philippine bank lending up 8.6% in Feb on higher motor and card loans

Consumer loans grew 25.2% partly due to demand for motor vehicle loans rising.
3 days ago

Korean banks’ household loans drops in March as mortgage demand slows

In contrast, bank lending to the corporate sector increased by over KRW10t.
6 days ago

Weekly Global News Wrap: Nomura eyes $10b US credit portfolio in 10 years; UBS CEO earned $15.9m

And JPMorgan Chase revamps investment banking and capital markets leadership.

Average interest rates of new bank deposits in South Korea declines

Interest rates of new loans are also lower in February.

Indian banks’ profits dragged by rising costs and tightening money supply 

Deposit growth and credit growth will slow, impacting banks’ margins.

GXS FlexiLoan customers have saved S$4m in interest: GXS Bank

The loan’s interest is calculated daily based on the outstanding balance the day before.

Unacash unveils installment loans in the Philippines

Customers can apply for loans up to approximately $886.

Lower interest rates and property woes weigh on Bank of China’s profits

Net interest margin fell, although at a lower decline than other Chinese megabanks.

Malaysian banks’ loan ratio at 1.6% in Feb

Loan loss coverage is at 120% of impaired loans, central bank data showed.

Tighter interest margins and rising bad loans weigh on CCB

The non-performing asset ratio is expected to rise to 4.48% in 2024.